Wero Aims to Reduce Dependency on AWS for Payments

Wero, part of the European Payment Initiative (EPI), has announced its intention to reduce its dependence on non-European cloud providers, including Amazon Web Services (AWS). Currently, Wero utilizes services from a mix of European and international technology providers, enabling it to support its payment solutions. EPI aims to expand this reliance on European services over time, though details regarding specific providers and timelines remain undisclosed.

The decision to transition away from AWS aligns with growing concerns over data sovereignty, particularly in light of the CLOUD Act, which obligates U.S. tech companies to share data with American authorities under certain conditions. By focusing on European infrastructure, Wero not only enhances data protection but also strengthens the EU's position in the global payment landscape, fostering greater autonomy in financial services and lessening dependency on external technological giants.